HG

Wednesday, December 29, 2010

Welcome to UP - MTS CDMA Services

Sistema Shyam Tele Services Limited today announced the expansion of its services under the MTS brand in UP East and UP West Circles.

Announcing the launch of MTS in UP East and UP West Circles, Sergey Savchenko, Chief Financial Officer, Sistema Shyam TeleServices Limited (SSTL) said, “The launch of telephony services by MTS in UP East and UP West has further expanded our national footprint. MTS would now be able to address the telecom needs of over 80% of India’s population and about 92% of the data market potential in the country. This truly represents a very exciting opportunity for MTS.”

This is all set to further add to the company’s customer base, which now stands at over 8 million voice and over 400,000 mobile broadband customers. The Russian Government recently picked up approximately 17% stake in SSTL for $ 600 million US. SSTL has already invested over $2.2 billion US in India. An investment of about Rs. 150 crore has been earmarked for UP East and UP West circles